Govt to auction Jammu & Kashmir’s lithium reserves over next few weeks
India’s federally administered region of Jammu and Kashmir will auction its lithium reserves over the next few weeks, a government source with close knowledge of the matter said on Monday.
India, which has been exploring ways to secure supplies of lithium, a critical raw material used to make electric vehicle batteries, in February found its first lithium deposits in Jammu and Kashmir with estimated reserves of 5.9 million tonnes.
“The auction will happen soon and some overseas miners have shown interest,” the source said, declining to be identified because of the sensitive nature of discussions.
